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now, august 2nd is the big date, and the hard deadline or the u.s. default defaults on the $14.3 trillion debt. the white house says that lawmakers need a basic plan in place by today if they are going to be able to craft a bill in time to avert a default. nbc's kristen welker is following all of this for us live at the white house. kristen, good afternoon. where do we go from here? what is the bottom line? a lot of talking from the white house and the republicans and where does it all stand and what is next? >> hi, there, jeff. house speaker john boehner and president obama are saying that they are not close to a deal, but there has certainly been a lot of chatter about a potential deal. here is what it would look like. it would involve $3 trillion in deficit reductions over the next decade. it would include immediate cus s to discretionary spending right off of the top, and then over time, you'd see some changes in entitlements things like social security and medicare and also some changes to the tax code including a roll back for tax breaks for the wealthy americans and the
for republicans and no real cuts to entitlements so is that the big issues dodged in both of the plans, and the thing is, also, thomas, speaker boehner is a more short-term deal that speaker boehner says they do not want to pass, but what can be done reality and legislatively in the eight-day window that you mentioned. you have the two plans going on the own train, and jay carney said we need a train to reach the station. and it is interesting if harry reid can get cloture on his plan and whether or not one of these is the ones that are left at the end that one side has to stomach. it is looking certainly to be like that, thomas. >> nbc's luke russert on capitol hill, and we will wait and watch. thanks, luke. >> indeed. >>> and the u.s. is urging the imof the raise the ceiling and cut friending. they say that the u.s. should concentrate on entitlement reform. and now a new poll is that the u.s. citizens are losing faith in their lawmakers. 71% say they are not very confident or not confident at all. that is coming up with lawmakers and whether or not they will be able to reach a deal.
Search Results 0 to 3 of about 4 (some duplicates have been removed)